Bridgford Foods Corporation (NASDAQ:BRID - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.31 and traded as low as $7.64. Bridgford Foods shares last traded at $7.76, with a volume of 2,987 shares trading hands.
Bridgford Foods Stock Performance
The company has a market capitalization of $71.77 million, a price-to-earnings ratio of -9.64 and a beta of -0.24. The business's 50-day simple moving average is $7.88 and its 200-day simple moving average is $9.26.
Bridgford Foods (NASDAQ:BRID - Get Free Report) last released its earnings results on Monday, June 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 3.29% and a negative return on equity of 5.86%. The business had revenue of $50.64 million for the quarter.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in shares of Bridgford Foods in the 1st quarter valued at approximately $570,000. Northern Trust Corp raised its position in shares of Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company's stock valued at $343,000 after acquiring an additional 7,093 shares during the period. Factorial Partners LLC raised its position in shares of Bridgford Foods by 13.8% in the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company's stock valued at $263,000 after acquiring an additional 3,037 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bridgford Foods in the 4th quarter valued at approximately $124,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.
About Bridgford Foods
(
Get Free Report)
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.
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